Intergenerational Top Income Persistence: Denmark half the size of Sweden

Martin D. Munk; Jens Bonke; M. Azhar Hussain

doi:10.1016/j.econlet.2015.11.038

Intergenerational Top Income Persistence: Denmark half the size of Sweden

Martin D. Munk, Jens Bonke, M. Azhar Hussain

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review

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Abstract

In this paper, we investigate intergenerational top earnings and top income mobility in Denmark. Access to administrative registers allowed us to look at very small fractions of the population. We find that intergenerational mobility is lower in the top when including capital income in the income measure - for the rich top 0.1 % fathers and sons the elasticity is 0.466. Compared with Sweden, however, the intergenerational top income persistence is smaller in Denmark.

Originalsprog	Engelsk
Tidsskrift	Economics Letters
Vol/bind	140
Sider (fra-til)	31-33
Antal sider	3
ISSN	0165-1765
DOI	https://doi.org/10.1016/j.econlet.2015.11.038
Status	Udgivet - 6 mar. 2016

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10.1016/j.econlet.2015.11.038Licens: Andet

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abstract = "In this paper, we investigate intergenerational top earnings and top income mobility in Denmark. Access to administrative registers allowed us to look at very small fractions of the population. We find that intergenerational mobility is lower in the top when including capital income in the income measure—for the rich top 0.1% fathers and sons the elasticity is 0.466. Compared with Sweden, however, the intergenerational top income persistence is about half the size in Denmark.",

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AU - Hussain, M. Azhar

N1 - Revise & Resubmit, accepteret November 2015

PY - 2016/3/6

Y1 - 2016/3/6

N2 - In this paper, we investigate intergenerational top earnings and top income mobility in Denmark. Access to administrative registers allowed us to look at very small fractions of the population. We find that intergenerational mobility is lower in the top when including capital income in the income measure—for the rich top 0.1% fathers and sons the elasticity is 0.466. Compared with Sweden, however, the intergenerational top income persistence is about half the size in Denmark.

AB - In this paper, we investigate intergenerational top earnings and top income mobility in Denmark. Access to administrative registers allowed us to look at very small fractions of the population. We find that intergenerational mobility is lower in the top when including capital income in the income measure—for the rich top 0.1% fathers and sons the elasticity is 0.466. Compared with Sweden, however, the intergenerational top income persistence is about half the size in Denmark.

KW - Intergenerational top income persistence

KW - top incomes

KW - piecewise (spline) regression

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DO - 10.1016/j.econlet.2015.11.038

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JO - Economics Letters

JF - Economics Letters

ER -

Intergenerational Top Income Persistence: Denmark half the size of Sweden

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